Murrieta's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be California's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and our headquartered in Southern California.
All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is in fact, the reverse mortgage.
We’re committed to be your lender because you deserve the best rate at the lowest price possible.
We’re a HUD Approved direct lender lending the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in SoCal with higher value homes over the national 2024 lending limit of $1,149,825.
We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you!
Murrieta Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Murrieta (est)||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.
All Reverse Mortgage, Inc. (ARLO™) originates in Murrieta and closes both refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both.
About All Reverse Mortgage®
The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.
Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking the reverse mortgage to augment their retirement plans and not so much as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.
Murrieta is a residential city located in Riverside County, Calif., inland from the Pacific coast between San Diego and Los Angeles. Murrieta grew significantly in terms of its population in the early 2000s, more than doubling its population during that time. Only recently has Murrieta flourished as a residential region, upon the building of the I-15 freeway that passes through the town, which took place in the 1980s. The city covers roughly 34 square miles.
Historically, Murrieta began as a land purchase by Domingo Pujol, Francisco Sanjurjo, and Juan and Ezequiel Murrieta, which later granted railroad access to the California Southern Railroad. In the late 1880s, the Temecula Land and Water Company purchased an acreage from the owners and mapped a town plan.
Today, the city is home to more than 110,000 residents, with a favorable climate that has average summer highs hovering around 90 degrees fahrenheit, and average winter lows just above 40 degrees fahrenheit. The town offers a town square with local amenities, as well as several locally renowned golf courses located within the city boundaries.
Murrieta’s climate is hot during the summer months, with daily average high temperatures ranging between 83 degrees fahrenheit and 91 degrees fahrenheit between June and September. Winter temperatures in Murrieta range between an average low of 40 degrees in December to 41 degrees in February. Visitors will find favorable weather during the summer and fall months, with roughly 30 days of precipitation throughout the year — many falling in the winter months.
The median home value in Murrieta, California, is $680,045 - an increase nearly 10 percent in the last year. Many Murrieta homes are below the federal reverse mortgage lending limit of $1,149,825. For those with homes valued above the federal lending limit, there are several private jumbo reverse mortgage programs available that may better suit those homeowners. For those within the lending limit, a HECM reverse mortgage is available.
If you reside in Murrieta, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.